Fibra Eco, which is in the process of making an initial public offering (IPO) on the Institutional Stock Exchange (Biva) seeks to contribute in the fight against climate change through the rehabilitation and modernization of buildings to reduce their carbon footprint.

The real estate investment trust, which on Tuesday made public its plans to debut on the stock market, has not yet set the amount of capital it expects to obtain from the sale of the securities.

However, it indicates that the objective is to finance the acquisition of a portfolio of properties, such as shopping centers, data processing centers, warehouses, warehouses or buildings for industrial use to reconfigure them in order to reduce their greenhouse gas emissions .

Initially, Eco will buy properties in these sectors, but it will diversify into hospitals, laboratories, educational centers, hotels, offices and vertical rental housing.

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Since the building sector contributes almost 40% of carbon emissions globally and almost 70% of emissions in urban areas, it is urgent to accelerate the creation of buildings that are energy neutral, in addition to promoting the conversion of the existing real estate inventory, indicates the prospectus of the issue.

So Eco will seek that all its buildings have the EDGE certifications that are designed to be applied in new and existing buildings. By 2030 it is proposed to achieve 40% of energy savings.

Meanwhile, the International Finance Corporation (IFC) estimates that only 9% of new construction in the country will be green buildings by 2025, in addition to the fact that there is a much larger inventory of real estate infrastructure that requires updating. to contribute to mitigating and adapting to climate change.

However, the construction of highly efficient new buildings and even net zero emissions buildings is not enough to reduce greenhouse gas emissions at the rate required to meet climate goals, because most of the emissions from the real estate sector come from the operation of existing buildings.

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“Decarbonizing the sector includes actions ranging from energy supply and the urban scale to building activities and the construction value chain. These actions have the potential to reduce GHG emissions to a level that is aligned with the 1.5 ° C target established by the Paris Agreement ”, the document adds.

Fibra Eco stands out because the real estate trust committee is made up of 50% women and its members will be totally independent.

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